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    6500 Lovers Ln Portage, MI 49002

    Sponsored
    For Sale
    $249,000

    12.55-acre industrial land, I-1 zoning.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    394
    This exceptional 12.55-acre industrial land parcel in Portage, Michigan, is offered at $249,000 ($6/acre). Zoned I-1 for light industrial use, this property boasts a prime location, offering excellent access and visibility. Situated on Lovers Lane, it's conveniently located near the I-94 interchange (approximately 1.7 miles from the Southwestnedge interchange and 2.7 miles from the Portage Road interchange). The property's strategic position across from the new Stryker Headquarters further enhances its appeal. The sale includes 6510 Lovers Lane, adding to the overall acreage. This represents a rare opportunity in a limited industrial land market, ideal for users or developers seeking a well-situated and sizable parcel. The estimated usable acreage is 6.0 acres within the I-1 zoning. The property's address is 6500 Lovers Ln, Portage, MI 49002, and is located in Kalamazoo County.

    Property Features for 6500 Lovers Ln

    General Information

    Property type
    Land
    Lot Size
    546,678 SF

    HighLights

    • $249,000 asking price for 12.55 acres of I‑1 Light Industrial zoned land.
    • Excellent location in Portage, MI, near I‑94 interchange.
    • Includes adjacent parcel at 6510 Lovers Lane.
    • Land value: $6/acre.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Hotel & Motel

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Portage
    County
    Kalamazoo
    State
    Michigan
    Longitude
    -85.5762
    Latitude
    42.2222845

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    FAQs

    What type of property is this?
    Land - 12.55-acre industrial land, I-1 zoning.
    Where is this land located?
    The property is located at 6500 Lovers Ln Portage, MI.
    What is the asking price?
    The asking price for this property is $249,000.
    What are key features of this property?
    This property features: $249,000 asking price for 12.55 acres of I-1 Light Industrial zoned land.; Excellent location in Portage, MI, near I-94 interchange.; Includes adjacent parcel at 6510 Lovers Lane.
    Request Owner's contact information
    6500 Lovers Ln Portage, MI 49002
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    6500 Lovers Ln Portage, MI 49002
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